Microchip Technology Balance Sheet Health
Financial Health criteria checks 4/6
Microchip Technology has a total shareholder equity of $6.7B and total debt of $6.0B, which brings its debt-to-equity ratio to 90.1%. Its total assets and total liabilities are $15.9B and $9.2B respectively. Microchip Technology's EBIT is $2.6B making its interest coverage ratio 13.4. It has cash and short-term investments of $319.7M.
Key information
90.1%
Debt to equity ratio
US$6.00b
Debt
Interest coverage ratio | 13.4x |
Cash | US$319.70m |
Equity | US$6.66b |
Total liabilities | US$9.22b |
Total assets | US$15.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCHP *'s short term assets ($3.0B) exceed its short term liabilities ($2.5B).
Long Term Liabilities: MCHP *'s short term assets ($3.0B) do not cover its long term liabilities ($6.7B).
Debt to Equity History and Analysis
Debt Level: MCHP *'s net debt to equity ratio (85.3%) is considered high.
Reducing Debt: MCHP *'s debt to equity ratio has reduced from 194.9% to 90.1% over the past 5 years.
Debt Coverage: MCHP *'s debt is well covered by operating cash flow (48.2%).
Interest Coverage: MCHP *'s interest payments on its debt are well covered by EBIT (13.4x coverage).